Penn State Research Foundation

Analysis

Penn State Research Foundation is a registered charity in United States, based in University PK, PA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Penn State Research Foundation reported income of $5.7m and spending of $5.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.7m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 146% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Penn State Research Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Legacy Academy ($5.7m), Millennium School of San Francisco ($5.7m) and New World Symphony Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. At year end it held assets of $8.8m against liabilities of $1.7m, net assets of $7.1m.